Free Printable Forms of Payment Quizizz

Worksheets

Forms of Payment Quizizz

Total questions: 17

Worksheet time: 21mins

Name

Class

Date

Which method of payment should I use when making a small online purchase?

Cash

Credit Card

Debit Card

Check

What is a disadvantage of using a credit card?

It is easy to use.

You can spend more than you have.

It can be used in emergencies.

Banks sometimes give rewards on credit cards.

Which is an advantage of using cash?

It is accepted almost everywhere in the US.

You can spend more than you have.

If you lose it, it is gone.

It is safer than a card or check.

Which method of payment should I use when mailing money?

Check

Cash

Credit Card

Debit Card

Steve has a good job as well as a checking and savings account. When he went to the store to buy groceries, his total was $45.23. However, he only had $30 in cash on him. How should he pay for his groceries?

Credit Card

Check

Debit Card

He should get more money from an ATM.

Mary has a part-time job. She can pay her bills but does not typically have much money left over. She gets into a car accident and must pay $400 for her car to be fixed. She only has $150 in her bank account and $24 in cash. How should she pay to fix her car?

Check

Cash

Credit Card

Debit Card

What is the difference between Debit and Credit?

Debit uses money borrowed from the bank, Credit uses the money you already have.

Credit uses borrowed money or the bank's money, Debit uses your money.

They are both cards, they are the same.

Debit charges interest until the balance is paid. Credit does not because you are using your own own money.

The amount of money the credit providers allow us to spend is called __________

credit limit

balance

credit card

interest

Who are the credit providers? (Tick 2 answers)

banks

business companies

parents

credit card companies

10.

Buying stuff with credit cards is kind of like having a _________________

special price

special promotion

special loan

special relationship

11.

If the customer pays full balance by the due date every month, he/she doesn't have to pay _____________.

credit limit

balance

interest

anything

12.

If the customer is late with a couple of payments, what will happen?

The credit limit will increase a lot

The interest rate goes way up

The complaint will be received

The fine will be charged

13.

Money is withdrawn directly from a checking or savings account.

Debit Card

Credit Card

Both

14.

Each purchase is a loan that is repaid later.

Debit Card

Credit Card

Both

15.

Interest may be charged but can be avoided by paying the entire balance each month.

Debit Card

Credit Card

Both

16.

Eric purchased a movie ticket with his card. This money will come straight out of his checking account. What card did he use?

Debit Card

Credit Card

Both

17.

What is the most important thing that you learned about the different forms of payment? Please explain your answer.

4 lines

100 %

Forms of Payment Quizizz

Total questions: 17

Worksheet time: 21mins

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